U.S. proposed EV tax credit cost gap increases to $80K for SUVs

November 8, 2021

The U.S. proposed electric vehicle tax credit, which is unpopular with several other countries as it favours American OEMs in certain situations, now includes a surprise increase in the price gap for eligible EVs. “In the new language, SUVs, trucks and vans with a manufacturer’s suggested retail price of up to $80,000 can qualify for the credits,” said CNET. “It’s a massive boost from the original framework, which capped costs at $64,000 for vans, $69,000 for SUVs and $74,000 for pickup trucks.” (Source: CNET) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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